Change in Ownership definition

Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;
Change in Ownership means a transfer of the direct and/or indirect legal or beneficial ownership of any shares, or securities convertible into shares, that causes the aggregate holding of the {selected bidder/ Consortium Members}, together with {its/their} Associates, in the total Equity to decline  below 100% (hundred per cent) thereof during Construction Period and till the 3rd (third) anniversary of COD and  below 26% (twenty six percent) after the 3rd (third) anniversary of COD ; provided that any material variation (as compared to the representations made by the Concessionaire during the bidding process for the purposes of meeting the minimum conditions of eligibility or for evaluation of its application or Bid, as the case may be,) in the proportion of the equity holding of {the selected bidder/ any Consortium Member} to the total Equity, shall constitute Change in Ownership;
Change in Ownership means any sale, disposition, transfer or issuance or series of sales, dispositions, transfers and/or issuances of shares of the capital stock by the Corporation or any holders thereof which results in any person or group of persons (as the term “group” is used under the Securities Exchange Act of 1934, as amended), other than the holders of Common Stock, owning capital stock of the Corporation possessing the voting power (under ordinary circumstances and without regard to cumulative voting rights) to elect a majority of the Board.

Examples of Change in Ownership in a sentence

  • Change in ownership alone shall be considered a minor amendment to the special land use permit and may be approved administratively.

  • Change in ownership alone shall be considered a minor amendment to the special land use and may be approved administratively.

  • Change in ownership shall be defined as any change of controlling interest in any corporation or any change of name of sole proprietorship or partnership.


More Definitions of Change in Ownership

Change in Ownership means one of the following:
Change in Ownership means a transfer of the direct and/or indirect legal or beneficial ownership of any shares, or securities convertible into shares, that causes the aggregate holding of the promoters in the total Equity to decline, at any time prior to the 1st (first) anniversary of the Appointed Date, below 51% (fifty one per cent) thereof, or such lower proportion as may be permitted by the Utility upon substitution of the promoters of the Aggregator by an entity having sufficient financial and technical capacity to discharge the obligations of the Aggregator under this Agreement;
Change in Ownership means conveyance of the ability to appoint, elect, or otherwise designate a health care institution's governing authority from an owner of the health care institution to another person.
Change in Ownership means any sale, transfer or issuance or series of sales, transfers and/or issuances of Common Stock by the Corporation or any holders thereof which results in any Person or group of Persons (as the term "group" is used under the Securities Exchange Act of 1934), other than Tennessee Farmers Life Insurance Company and the holders of Common Stock and Senior Convertible Preferred as of the date of the closing under the Merger Agreement, owning more than 50% of the Common Stock outstanding at the time of such sale, transfer or issuance or series of sales, transfers and/or issuances.
Change in Ownership means a transfer of controlling legal or controlling equitable interest and authority in the operation of a child care group home.
Change in Ownership means and shall be deemed to have occurred if Holdco ceases to own, directly or indirectly, 85% of the Capital Stock of the Company.